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Nov 2007
ECS: Financial Services Industry - This gig is bigger than grids - from HPC to service

The financial services industry (FSI) is responsible for roughly one-fifth of total IT spending, and it remains the number one target for most vendors. Although IT spending is growing only a little in this sector, it is large investment banks, stock exchanges and asset managers that account for most of the growth. These users remain at the forefront of spending on innovation and the early adoption of technologies such as grids, virtualization and service-oriented architecture.

This report includes an updated assessment of deployment maturity, drivers, challenges and technology trends at 19 major investment banks and insurers in terms of the 451 ECS evolution roadmap. The report examines how grids are being used to support – or are being combined with – utility models, virtualization, open source and SOA to create next-generation enterprise computing strategies. It builds on The 451 Group’s previous work with early adopters in financial services, providing an aggregated view, examined from, but not limited to, a grid-centric perspective. It provides marketplace intelligence and analysis to assist end users, vendors and investors as they navigate this complex topic.

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About The 451 Group

The 451 Group is an independent technology industry analyst company focused on the business of enterprise IT innovation. The company’s analysts provide critical and timely insight into the market and competitive dynamics of innovation in emerging technology segments. Clients of the company – at vendor, investor, service- provider and end-user organizations – rely on 451 insight to support both strategic and tactical decision-making for competitive advantage.

The 451 Group is headquartered in New York, with offices in key locations, including San Francisco, London and Boston. For additional information on the company or to apply for trial access to its services, go to: www.the451group.com